Categories: Latest Tech

How Secure is Crypto?

Cryptocurrency and the blockchain technology that makes crypto assets work are highly secure digital currency features. The cryptocurrency marketplace is relatively new, but already it is making headway in the mainstream. Today, nearly 50 million Americans own Bitcoin, and with thousands of other coins and tokens out there, the demand for cryptocurrency will only continue growing.

Cryptocurrency is a commodity for the future.

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other crypto assets trade in real-time and can be researched using the same type of financial data that is leveraged for other investment options. Technical indicators exist in this space just like any other investment asset class, yet cryptocurrency also offers itself as a dual-threat commodity. Not only can traders leverage the blockchain to grow their net worth, Ethereum, Bitcoin, and other cryptocurrency assets can be spent in the real world as a legitimate purchasing asset just like fiat currencies (like the U.S. Dollar, GBP, or EUR).

Of course, to take advantage of all that the crypto world offers, it’s important to maintain a high-quality research regimen. Reading and growing as an investor and consumer is something that everyone should be doing. Yet, far too many people simply forego the continuous learning opportunities that life presents to us. With a great partner like Crypto Vantage for gathering the information you need to make intelligent financial decisions as an investor, saver, trader, and consumer, the process can be streamlined and decisions can be made confidently.

Crypto offers security above all else.

One of the great things that sets cryptocurrencies apart from their fiat counterparts is the digital layer of security that’s baked into the product from the get-go. Ethereum, Bitcoin, Dogecoin, and everything in between are built with the blockchain at their heart. Rather than allowing a single, central banking institution guide the logbook, available volume, and relative value of the currency objects, blockchain-based crypto assets rely on decentralized, peer-to-peer validation of transaction to place ownership of the asset and its ongoing worth into the hands of the users themselves.

This is a complete turn for the world of currency and a welcome change for skeptical consumers who entered the 2010s with a virtually all-time level of distrust for the banking and political machines that had created the housing crisis and domino effect that came after the bubble burst. By placing ownership in the users’ hands, cryptocurrency allows everyone to act as a stakeholder, providing real-time feedback about how and why the currency might solve the financial questions and problems of daily life. This range of fiscal products isn’t just meant to act as an investment asset for the super-wealthy. Anyone can buy cryptocurrency, and with an always-open market in the form of crypto exchanges, building long-term wealth is as simple as research and strategy execution.

Because of these elemental features of the crypto landscape, these digital assets enjoy a uniquely strong securitization that fiat currencies could never boast. Moreover, it’s something that cyber security training programs often focus on because of the uniquely organic layer of protection that exists within the network. In fact, cyber security is a great educational resource when approaching a new opportunity in the crypto space. Computer science and data protection lay the foundation for a great understanding of how these assets function and how they might fit into your lifestyle.

By removing a central authority from the equation, validation of transactions occurs across an ever-growing, decentralized ledger. This means that to steal crypto assets from the network, one must corrupt the entire blockchain, whereas, in the physical world, this process requires access to a banking terminal. While this may be hard to accomplish, access can be achieved, while ownership of the blockchain ledger that powers a crypto coin is essentially impossible to create.

Cryptocurrencies offer unique protection and a community network unlike anything else in the history of finance.

 

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